Weekly Insights on Alm. Brand A/S Share Buyback Activities
Alm. Brand A/S Share Buyback Insights
Recently, Alm. Brand A/S has been actively engaging in a share buyback program, a strategic move designed to enhance shareholder value. This program underscores the company’s commitment to returning capital to its shareholders while investing in its own future growth. The initiative was initiated with an impressive budget of up to DKK 835.2 million, showcasing confidence in the company's direction and performance.
Buyback Program Overview
The share buyback program is being executed following strict compliance with the European regulations established in Regulation No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, collectively known as the Safe Harbour Regulations. This regulatory framework ensures that the company operates within legal guidelines while effectively managing its shares.
Transactions Conducted from 23 to 27 June
During the recent week, specifically from 23 to 27 June, Alm. Brand A/S conducted several notable transactions under this buyback program. The total number of shares acquired during this period amounted to 920,000. The average purchase price of these shares was recorded at DKK 16.59, indicating a strategic approach to maintain a healthy cash flow while maximizing shareholder value.
Detailed Buyback Transactions
The breakdown of the transactions within this week indicates significant activity:
- Accumulated Shares (Previous Announcement): 16,710,000 at an average price of DKK 15.92, totaling DKK 263,675,000.
- Sole Purchases: On 23 June, 200,000 shares were bought at DKK 16.40; 190,000 shares on 24 June at DKK 16.59; and so on until 27 June, where 170,000 shares were acquired at DKK 16.83.
This sequence of transactions reflects the company’s adaptive strategy in addressing market conditions and emphasizes Alm. Brand A/S commitment to enhancing shareholder returns.
Total Holdings and Future Outlook
As a result of these transactions, Alm. Brand A/S now holds a total of 21,875,696 shares, representing approximately 1.51% of its total outstanding shares. This maneuver not only encourages confidence among investors but also strengthens market positioning.
Contact Information for Inquiries
For any inquiries regarding this announcement, you can reach:
Mads Thinggaard
Head of Investor Relations & ESG
Mobile: +45 2025 5469
Frequently Asked Questions
What is the purpose of Alm. Brand A/S's share buyback program?
The purpose of the share buyback program is to return capital to shareholders and enhance value, reflecting confidence in the company's ongoing growth.
How many shares did Alm. Brand A/S acquire during the latest buyback week?
Alm. Brand A/S purchased a total of 920,000 shares during the week from 23 to 27 June.
What was the average purchase price of the shares bought back?
The average purchase price for the shares acquired during this period was DKK 16.59.
How many shares does Alm. Brand A/S currently hold in its buyback program?
Alm. Brand A/S currently holds a total of 21,875,696 shares, which is approximately 1.51% of its total outstanding shares.
Who can I contact for more information regarding Alm. Brand A/S's share buyback?
For more information, you can contact Mads Thinggaard, the Head of Investor Relations & ESG, at +45 2025 5469.
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